Visa Inc (V) : First Long Island Investors reduced its stake in Visa Inc by 0.7% during the most recent quarter end. The investment management company now holds a total of 192,546 shares of Visa Inc which is valued at $15,394,053 after selling 1,361 shares in Visa Inc , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Visa Inc makes up approximately 2.76% of First Long Island Investors’s portfolio.
Other Hedge Funds, Including , First Interstate Bank boosted its stake in V in the latest quarter, The investment management firm added 2,000 additional shares and now holds a total of 20,657 shares of Visa Inc which is valued at $1,655,039. Visa Inc makes up approx 0.33% of First Interstate Bank’s portfolio.Finemark National Bank Trust reduced its stake in V by selling 2,033 shares or 3.4% in the most recent quarter. The Hedge Fund company now holds 57,770 shares of V which is valued at $4,628,532. Visa Inc makes up approx 0.50% of Finemark National Bank Trust’s portfolio.Rdl Financial Inc boosted its stake in V in the latest quarter, The investment management firm added 106 additional shares and now holds a total of 35,908 shares of Visa Inc which is valued at $2,826,319. Visa Inc makes up approx 2.04% of Rdl Financial Inc’s portfolio. Magee Thomson Investment Partners added V to its portfolio by purchasing 135,600 company shares during the most recent quarter which is valued at $10,835,796. Visa Inc makes up approx 3.60% of Magee Thomson Investment Partners’s portfolio.
Visa Inc opened for trading at $80.71 and hit $80.865 on the upside on Wednesday, eventually ending the session at $80.84, with a gain of 0.21% or 0.17 points. The heightened volatility saw the trading volume jump to 46,55,396 shares. Company has a market cap of $173,755 M.
On the company’s financial health, Visa Inc reported $0.68 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $0.66. The company had revenue of $3626.00 million for the quarter, compared to analysts expectations of $3600.06 million. The company’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 EPS.
Many Wall Street Analysts have commented on Visa Inc. Company shares were Reiterated by Stifel on Jul 22, 2016 to “Buy”, Firm has raised the Price Target to $ 91 from a previous price target of $86 .JP Morgan Resumed Visa Inc on Jun 6, 2016 to “Overweight”, Price Target of the shares are set at $88.
Visa Inc. is a payments technology company. The Company is engaged in operating a processing network VisaNet which facilitates authorization clearing and settlement of payment transactions across the world. The Company provides its services to consumers businesses financial institutions and governments in more than 200 countries and territories for electronic payments. The Company offers fraud protection for account holders and rapid payment for merchants. The Company provides a variety of payment solutions that support payment products that issuers can offer to their account holders such as pay now with debit pay ahead with prepaid or pay later with credit products. The Company offers a suite of digital eCommerce and mobile products and services.